The 15-minute chart of $PENDLE shows a clear reaction after the bottom at 3,622. The price broke above the 7 and 25 moving averages, and is now struggling exactly at the 99 moving average, which is a key resistance at the moment. If it breaks strongly, there is a clear path to seek 3,728, which was the previous top.
RSI 6 is already quite stretched, at 76, indicating overbought conditions in the very short term. RSI 12 and 24 continue to rise, showing buying strength, but are also entering the zone where they begin to tire.
MACD crossed upwards, positive, and the histogram is opening, confirming the entry of buyers in this movement.
Volume has increased significantly in the bullish candles, which validates this current movement.
Now it's total attention. If it breaks the 99 moving average with a strong candle and volume, it opens up buying targeting 3,728. If it fails in this breakout, it may correct to the region of 3,671 or 3,658, where the short moving averages are holding as immediate support.